How to Determine the Optimal Price of Your Home

An Overview of Real Estate Pricing

Home buyers will determine the market value of a home based on their analysis of what comparable homes have sold for in your neighbourhood.

This process will be facilitated by their real estate sales representative who will conduct a market analysis of a neighbourhood using historical data (e.g., TREB)

The value of a home will be largely determined by this comparative process. Comparative Market Analysis is the most effective method by which to determine what potential buyers will be willing to pay for a home.

Elements of Pricing Include

Understanding the buying processBy the time a typical buyer is ready to make an offer, they will have seen all of the existing properties for sale in your neighbourhood.

Comparative market analysisA comparative market analysis is a comprehensive computerized market analysis of homes that can be considered similar to yours, or competitive in your neighbourhood.